Machine tool industry association forecasts up to 30% growth next year

The production value of the nation’s machine tool industry is forecast to grow by 20 percent to 30 percent on an annual basis next year, as local firms have better order visibility into the second quarter of next year, Taiwan Machine Tool and Accessory Builders’ Association (台灣工具機暨零組件公會) chairman Habor Hsu (許文憲) said yesterday.
With a noticeable uptick in demand from the US and Europe this quarter, a production value increase of up to 30 percent is achievable next year, Hsu said.
Increased demand from the two markets would make up for softness in Chinese demand, he said.
However, high commodity prices

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